China is Fueling Today's Rally (FXI)

The iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI) is up 2.8% today, its helping to push the Dow Jones up almost 100 points thanks to China's continued growth story.

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Over the weekend a report showed that Chinese industrial production rose 13.9% in August from a year before, the most in three months , and retail sales and lending figures topped economists’ estimates. Imports also accelerated, in another sign Chinese growth is picking up after a second-quarter moderation, statistics bureau and central bank data released Sept. 11 in Beijing showed.

iShares FTSE/Xinhua China 25 Index (FXI) shares have traded between $36.24 and $46.66 over the past 12 months and its shares have moved up 13.63% from its 52-week low.  The FXI seeks investment results that correspond generally to the price and yield performance of the FTSE/Xinhua China 25 Index (the Index). The Index is designed to represent the performance of the largest companies in the Chinese equity market that are available to international investors. The Index consists of 25 of the largest and most liquid Chinese companies, thus go with the FXI instead of stock picking individual Chinese based company stocks.

SOURCE: http://www.bloomberg.com/news/2010-09-13/index-futures-climb-on-economic-confidence-banks-general-electric-rise.html